Mafalda: Did hunger and poverty end in the World? Were nuclear weapons suppressed? Yes?
Dad: Hum, I don't think so darling
Mafalda: So why on earth do we change year?!
Another challenge this year I set to myself was to keep abreast of what is happening in the world . I figured out by posting weakly comments on news that caught my attention and receiving your comments could be an interactive and very informative way to share and learn from each others.
Today, I would like to expose my concern about rising global food prices which have “surged to a nominal record high, surpassing the peaks of the 2007-08 food crisis - when bread riots rocked poor countries” (FT 11/01/11). Soaring food prices are affecting both worlds (developing and developed worlds) but its impact on the world poorest people is particularly worrying as household spending is predominantly food. Since a graph or an image says more than a thousand words, there I suggest you have a look at those graphs which spare me from using some few thousand words:
- Largest changes in prices of key commodities per continent (p.10)
- International cereals prices : wheat, maize, rice (p.1)
- Map of countries in crisis requiring external assistance for food (p.2)
It seems that governments are putting in place individual strategies to secure food supply such as Abu Dhabi or South Korea which latest, is to “set up state-led grain trading company in Chicago … to buy up to 30% of Korea's grain needs by 2020” (FT: 11/01/11). I will tend to think that a global strategy would be more appropriate than isolated measures to tackle an issue that affect us all.
To most stories we have losers and winners, do you see any winners to that one?
What strategies could me more efficient?
What was your highlight of the week?